Search found 5693 matches

by Fallible
Sat Mar 25, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4971

Re: Are Bogleheads in the minority on the use of investment advisors?

Also just returned from a trip seeing my sister who also use a financial advisor. I think Bogleheads are not necessarily in the minority - but I think more people would use them if they had investment needs outside of a 401K. My sister and her husband both have high incomes and can save outside of ...
by Fallible
Sat Mar 25, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4971

Re: Are Bogleheads in the minority on the use of investment advisors?

Bill Bernstein (a boglehead himself) wrote of four abilities required to be successful investors in the prelude of The Investor's Manifesto, which I'll summarize as 1) having an interest in the process 2) more than a bit of math horsepower, at least up to statistics / probability 3) a grasp of fina...
by Fallible
Fri Mar 24, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4971

Re: Are Bogleheads in the minority on the use of investment advisors?

... It has been widely noted here on the forum that one needs to educate yourself in order to wisely choose a financial advisor. With said level of education, you will no longer need one. An educated investor is not only needed to know a good advisor, but to know how to find a good one and then, ha...
by Fallible
Fri Mar 24, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Your Experiences with Risk Tolerance and having smaller versus larger account balances
Replies: 24
Views: 1638

Re: Your Experiences with Risk Tolerance and having smaller versus larger account balances

... Having said all that the money is only gone temporarily until the market comes back and so I am probably worrying over nothing given the 15-20yrs away I am from even an early retirement . ... Well, the money is gone temporarily since markets do rebound, but how long is temporary? The simple ans...
by Fallible
Tue Mar 21, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's financial advisor or DIY financial management
Replies: 8
Views: 600

Re: Vanguard's financial advisor or DIY financial management

If you feel your AA is right for you, meaning it's one you can hold through a market downturn, then you are right to consider DIY. But if you are OK with your risk levels and still feel you can't endure a market crash on your own, then give the new advisor a chance. Have you read any books or the BH...
by Fallible
Tue Mar 21, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 79
Views: 3227

Re: Best way to expand my vocabulary?

Everybody has two volcabularies. Productive vocabulary is what you say or write. Receptive vocabulary is what you understand. Reading material that is a stretch for you will increase your receptive vocabulary. This is a good thing because you will understand more people, and are less likely to be b...
by Fallible
Tue Mar 21, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help With a Quote on Investment Advisors
Replies: 2
Views: 207

Re: Help With a Quote on Investment Advisors

Churchill said, "never was so much owed by so many to so few." I have heard a quote that sounds like the Boglehead mantra that basically says that never was so much paid by so many for so poor results. Does anyone know a cleaner version of that quote and who said it? I am thinking Burt Ma...
by Fallible
Mon Mar 20, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 79
Views: 3227

Re: Best way to expand my vocabulary?

I've tried books, using Vocab apps on my phone, etc. I would like to know more words to sound more intelligent and express myself better. What do you suggest I use to expand my vocabulary? Thank you. Obviously, you can read more and should, everything suggested on this thread and anything else that...
by Fallible
Mon Mar 20, 2017 6:41 pm
Forum: Investing - Theory, News & General
Topic: Bogle Interview CNN - Sat.
Replies: 41
Views: 3689

Re: Bogle Interview CNN - Sat.

Excellent interview bringing out the intelligence, experience, wisdom, and integrity of Jack Bogle. Thanks for the link.
by Fallible
Mon Mar 20, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3228

Re: I thought I knew my desired AA

Questions 1. How do I know what AA I am comfortable with? How do I know what my tolerance of risk is? If my original basis of my 70/30 AA was my deep respect for Mr Bogle, how do I know what my actual tolerance is? I ran the numbers and am I crazy that 21k shortage does not seem to cause me discomf...
by Fallible
Sat Mar 18, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 2919

Re: Asset Allocation in Retirement - Me 100% Stocks.

dewayned wrote:
Fallible wrote:[
Not sure what you mean by "annually do AA" or who is recommending it.


Annual Asset Allocation. Almost every article on asset allocation I have read seems to recommend it.


Do you mean creating or changing an AA annually or possibly rebalancing an AA annually?
by Fallible
Sat Mar 18, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 2919

Re: Asset Allocation in Retirement - Me 100% Stocks.

If you are not planning to use the funds yourself, then you are de facto investing for your heirs. A 100% equity portfolio for that purpose can certainly make sense, if you don't particularly care about the possibility they might inherit less if something happens to you while your portfolio is down...
by Fallible
Fri Mar 17, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?
Replies: 55
Views: 5270

Re: How Fama, Shiller, Taleb, Kahneman, Thaler ... compare?

Thank you all. I'm grateful to folks who replied. I do have a follow-up question: I just listed to the YouTube discussion between Fama and Thaler (Are markets efficient?), and one take-away seemed to be that an average investor should behave as if the markets were efficient. And if I remember corre...
by Fallible
Fri Mar 17, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

... During my last furnace check-up the technician insisted that a portion of my system was undersized and that it would cause the system to fail prematurely. I pointed out to him that his company had done the installation and that the system had been inspected many times by other technicians at hi...
by Fallible
Fri Mar 17, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9293

Re: Anyone else taking less risk

I realize no one can predict the end of this rally and when the next correction will come, but has anyone else adjusted their asset allocation to a more conservative one because it has been a long bull market whether it was hated or not. I went from 65/35 to 60/40 just in case. #1: Pigs Get Fat, Ho...
by Fallible
Thu Mar 16, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

Besides the current issue, did the contractor pull any permits for the project? Considering how lackadaisical they were about the vents, I would be concerned with how they performed the framing, plumbing and electrical. And if the wall was a load bearing wall, even more concerned... No permits. I'm...
by Fallible
Thu Mar 16, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9541

Re: $464.12 dinner bill last night. No regrets.

The $464.12 pales in comparison to the trust, gratitude, and love you've written about. I have a feeling your aunt and uncle already felt well rewarded for their trust in you and the dinner was, well, frosting on the cake. Congratulations to all of you!
by Fallible
Wed Mar 15, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3135

Re: Convincing Someone To Dump A Bad Financial Advisor

I will say this, in the 2008 crash, that advisor earned his fees, IMO, by convincing my parents to not pull out into all cash and missing the ride back up. There is some value in having someone other than family telling them to keep investing and keep plugging away and not pull out with every fluct...
by Fallible
Wed Mar 15, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: "Don't time the market" vs. "Buy low, sell high"
Replies: 69
Views: 4839

Re: "Don't time the market" vs. "Buy low, sell high"

I have never been out of the market in 35+ years of investing. I may have put a little more in one month vs. another, but I steadily invested with every paycheck. Buy low and sell high I interpreted as not selling during a market downturn. Selling is more difficult. If the market was down I might h...
by Fallible
Wed Mar 15, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Convincing Someone To Dump A Bad Financial Advisor
Replies: 39
Views: 3135

Re: Convincing Someone To Dump A Bad Financial Advisor

...I immediately relayed all of this information to my mother, with the advice that she should dump this guy immediately and move everything to a portfolio of index funds. And.....she decided to stick with him. At best, I planted a seed of doubt about him in her mind. I understand her being relucta...
by Fallible
Tue Mar 14, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

Update: He called me yesterday afternoon. He said he thought I knew and since I have kids he thought it was "common sense to look up" I didn't particularly like that comment since they didn't leave the water or electricity disconnected. And at least they informed me about the plumbing. I ...
by Fallible
Mon Mar 13, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: How many pairs of jeans do you own?
Replies: 64
Views: 3538

Re: How many pairs of jeans do you own?

Something fishy here. You have an even number of socks. I always have an extra one that doesn't match any of the others. This may explain what's going on: http://www.condenaststore.com/-sp/As-The-Dryer-Spins-One-sock-confronts-its-partner-about-where-it-has-been-New-Yorker-Cartoon-Prints_i10573560_...
by Fallible
Mon Mar 13, 2017 10:45 am
Forum: Investing - Theory, News & General
Topic: Don't let your political views impact your investment strategy
Replies: 28
Views: 3769

Re: Don't let your political views impact your investment strategy

No matter the cause or nature of our biases, the big challenge is how to deal with them. As you say, awareness is the first step: Unfortunately, investors often make mistakes with their money because they aren’t aware of how decisions can be influenced by their beliefs and biases. The first step to ...
by Fallible
Sun Mar 12, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 53
Views: 4710

Re: Issue With Contractor. What to do?

You mean they removed two heat ducts and left two of your upstairs rooms without heat. The answer will be to talk to them on Monday and point out the problem. What the repair will be remains to be seen. Somebody should have taken a closer look and/or stopped work when the issue became visible. It i...
by Fallible
Sun Mar 12, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Debate with friends on market timing, annuity, etc, thoughts?
Replies: 34
Views: 1767

Re: Debate with friends on market timing, annuity, etc, thoughts?

I got into a friendly debate with close friends this weekend over a few issues, but did not have answers that were convincing enough. I am wondering how the Bogleheads would reply. I have no plans to force my beliefs on them, but am wondering for academic purposes what the best arguments would be i...
by Fallible
Sat Mar 11, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2546
Views: 654070

Re: What Movie Have You Recently Watched?

Zodiac . Beautifully made, excellent screenplay, great cast, wonderful acting, but the purpose of it all escapes me. Or maybe it's just director David Fincher who escapes me since I had a similar reaction to his psych thriller Gone Girl . The murders were horrifying, but two scenes almost as fright...
by Fallible
Sat Mar 11, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2546
Views: 654070

Re: What Movie Have You Recently Watched?

The Thin Man , with William Powell and Myrna Loy. Inventor disappears just before daughter's wedding date, both his ex-wife and girlfriend are suspected of foul play, his daughter asks amateur detective friend to help. If you liked this first of the film series, which may be the best (great scene w...
by Fallible
Thu Mar 09, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: How to help mother in law (doesn't listen; suffers)
Replies: 10
Views: 1790

Re: How to help mother in law (doesn't listen; suffers)

... So here we are today, she suffers and the stress is causing her serious maladies. She isn't capable of handling this situation and this last week asked me to add some numbers for her... she should have been able to do that. I'm now beginning to wonder if she has beginning stage alzheimers. ... ...
by Fallible
Mon Mar 06, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: how often do you shrug at your IPS? [Investment policy statement]
Replies: 50
Views: 3636

Re: how often do you shrug at your IPS?

IPS calls for 6 months of emergent assets before any big ticket spending, but we've found ourselves sometimes dropping to 2 or 3 months in order to make big purchases. or, IPS calls to max out 2 Roths high on the list of budgetary priorities, but we've actually fallen under the cap some years. do p...
by Fallible
Mon Mar 06, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: "How Not to Invest"
Replies: 7
Views: 1648

Re: "How Not to Invest"

Very good article on those scandalous high fees. And here's the ending: And the lesson for society is this: Even when the products are basically pretty simple (U.S. stock funds), companies will manufacture complexity and barriers to entry in an effort to boost prices well above marginal cost. That’s...
by Fallible
Sat Mar 04, 2017 9:13 pm
Forum: Investing - Theory, News & General
Topic: New Investor – Novice Jitters
Replies: 32
Views: 2482

Re: New Investor – Novice Jitters

Welcome to the forum! Considering your apparently very low risk tolerance (or "NONE," as you said), your best choice for now may be to choose a conservative allocation, say, 40/60 or even 30/70, then dollar-cost-average into the market. Meantime, read the Bogleheads' book you've ordered, a...
by Fallible
Thu Mar 02, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: "Speculation Blues" -- very funny and educational
Replies: 2
Views: 547

Re: "Speculation Blues" -- very funny and educational

Just goes to show that passive investing doesn't have to be boring. Thanks for the link.
by Fallible
Thu Mar 02, 2017 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 90
Views: 11079

Re: What are the big things to get right?

The first "big thing" that came to my mind was the Bogleheads' philosophy. But looking at the bigger picture, I would say the really "big thing" to get right in life is "Know thyself."
by Fallible
Thu Mar 02, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: What degree of stock market decline would tempt you to deviate from your AA?
Replies: 87
Views: 5750

Re: What degree of stock market decline would tempt you to deviate from your AA?

... You are absolutely right that we may act in ways other than we expect during a time of stress, but the point is that if you can identify that right now before the event happens ( meaning you can predict it , as this thread asks), then you should be changing your AA now to align to your risk tol...
by Fallible
Thu Mar 02, 2017 2:06 pm
Forum: Investing - Theory, News & General
Topic: What degree of stock market decline would tempt you to deviate from your AA?
Replies: 87
Views: 5750

Re: What degree of stock market decline would tempt you to deviate from your AAh

Let's say you're a card-carrying Boglehead and have settled upon a particular AA. For sake of simplicity, we'll make it 40/60 BND/VTI in a tax-sheltered account. Suppose there's a very significant stock market correction, say 40%. So obviously you'd sell BND and buy VTI to restore your AA balance. ...
by Fallible
Wed Mar 01, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 81
Views: 4630

Re: What Car Should I Buy My Daughter as a Graduation Present

Cars can be very personal. What about telling her you have xyz dollars to buy her a car, what would she like, and then go out shopping for it with her. A great idea for many reasons: shopping for a first car can be fun, a lesson in finance and handling sales pitches, and buying a used car and findi...
by Fallible
Mon Feb 27, 2017 10:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Local Chapters: Now in the Bogleheads Blog!
Replies: 12
Views: 1495

Re: Bogleheads Local Chapters: Now in the Bogleheads Blog!

Nice work Barry and LadyGeek! I think adding all local chapters to the blog could increase communications among the chapters and provide a quick and valuable source of information for forum posters looking for chapters to join in their areas or wishing to start one. That could also help increase the...
by Fallible
Sun Feb 26, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: News Article Today: Index Investing Unmasked: 96% Of Stocks Are Garbage. What does this mean??
Replies: 13
Views: 1500

Re: News Article Today: Index Investing Unmasked: 96% Of Stocks Are Garbage. What does this mean??

This should've been recognized and ignored as "noise" just from the photo of Buffett alone.
by Fallible
Thu Feb 23, 2017 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investment [determining risk tolerance?]
Replies: 6
Views: 385

Re: Investment [determining risk tolerance?]

Risk tolerance is a very personal decision. How much of a drop in your money could you stomach if the markets dropped 50%? For some folks age factors in. I'm 38 and have many more years of investing and so I know I can tolerate big drops in the market because I assume I'll have time to recover. As ...
by Fallible
Thu Feb 23, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investment [determining risk tolerance?]
Replies: 6
Views: 385

Re: Investment [determining risk tolerance?]

Why is risk tolerance important, and how can I figure out what mine is? Welcome to the forum! Your questions touch on the very basics of risk tolerance. As pennstater2005 posted, risk tolerance is personal. it's also knowing who you are so that you can determine how much risk you can handle and the...
by Fallible
Thu Feb 23, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Market Run Ups - Now vs. Then
Replies: 88
Views: 5913

Re: Market Run Ups - Now vs. Then

After 30 years in the stock market, I well know that even a proper asset allocation won't always completely eliminate the unease or even panic felt over market doings. And it's not at all surprising considering that we're dealing with unknowns, with uncertainty, and many surprises on top of that - t...
by Fallible
Thu Feb 23, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Does anyone else have (possibly too much) fun dealing with finances?
Replies: 69
Views: 4915

Re: Does anyone else have (possibly too much) fun dealing with finances?

Finances has most of the qualities of a game. It's not surprising many people find it fun. Basically, if you know the rules, you can get better and better at the game. Also, it's measurable, so you know how you are doing whether in terms of your own goals or in terms of others playing the same game...
by Fallible
Wed Feb 22, 2017 9:28 pm
Forum: Personal Consumer Issues
Topic: Does anyone else have (possibly too much) fun dealing with finances?
Replies: 69
Views: 4915

Re: Does anyone else have (possibly too much) fun dealing with finances?

In the last 6 months of so, I have been somewhat obsessed with setting up my retirement portfolio. Activities which most people would find tedious and boring, like deciding on asset allocation, percentage U.S. vs. international funds, writing an investment policy statement, and taking advantage of ...
by Fallible
Wed Feb 22, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads work BECAUSE its hard
Replies: 22
Views: 2583

Re: Bogleheads work BECAUSE its hard

So many posts either terrified of valuation or asking permission to ramp up equity exposure. Folks, being a boglehead is simple, but its REALLY REALLY hard. It is BECAUSE tuning out the noise and doing nothing is so hard that it is so effective. Stay the course. The first type of posts you mention ...
by Fallible
Wed Feb 22, 2017 8:39 am
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 90
Views: 11079

Re: What are the big things to get right?

BH Philosophy: 1 Develop a workable plan 2 Invest early and often 3 Never bear too much or too little risk 4 Diversify 5 Never try to time the market 6 Use index funds when possible 7 Keep costs low 8 Minimize taxes 9 Invest with simplicity 10 Stay the course :thumbsup
by Fallible
Mon Feb 20, 2017 2:47 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? Seven Week Update
Replies: 131
Views: 11294

Re: Learning an instrument as an adult?

So just a little update here... After a painful couple of weeks, my arm and wrist finally conceded the point that we were going to learn to play. I'm happy to say that while I still feel the effects of some exertion in my left forearm, the discomfort of holding a violin is mostly gone. I've gotten ...
by Fallible
Sun Feb 19, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: What to do? [fearful of potential losses]
Replies: 6
Views: 686

Re: What to do?

I've been a boglehead for many years in my investment approach. I get staying the course. BUT....what if I'm worried that we could be in for a considerable period of market volatility with the potential for significant loss of portfolio value. Although I weathered 2008-2009 by staying the course, I...
by Fallible
Sat Feb 18, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced and starting to invest...suggestions on where to start?
Replies: 13
Views: 618

Re: Inexperienced and starting to invest...suggestions on where to start?

Please read the following links by one of the great financial authors, WSJ columnist Jason Zweig, beginning with "The Dying Business of PIcking Stocks," followed by "When Stock Pickers Stop Picking Stocks." Then read the wiki's "Getting Started," as suggested here. Afte...
by Fallible
Fri Feb 17, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Charlie Munger's Comments on Index Funds versus "Stock Picking"
Replies: 12
Views: 2249

Re: Charline Munger on Index Funds

Thanks for the link....will check it out. Charlie is right there up on my Mt. Rushmore of Investing. Currently reading "Charlie Munger The Complete Investor"; very interesting reading. Don The book is excellent, essentially about wisdom in investing, business, and life and what it takes t...
by Fallible
Fri Feb 17, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: 88 Year Old Mother - advice needed
Replies: 15
Views: 1032

Re: 88 Year Old Mother - advice needed

My mom has about 800k in cds. She lives in her owned condo, is in great health, her mom lived to 100. She is looking for a bit more return. She pretty much lives off of social security and an IRA. What vanguard accounts should she consider? Any advice is appreciated! thank you It would help to know...

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